In February, inflation has slowed down to 2.8%

In February, inflation cooled slightly, even when the price growth rate remained much higher than the target of the federal reserve system before the start of the Central Bank policy.

The Wednesday Labor Department said the consumer price index (IPC) is a wide measure of how many daily goods such as gasoline, products and rental cost increased by 0.2% compared to last month, while it grew by 2.8% on the annual basis.

Both the annual and monthly increase in capital inflation was cooler than the LSEG economists’ expectations.

The so -called basic prices, which include more volatile dimensions of gasoline and food to better assess price growth trends, increased by 0.2% compared to the previous month and 3.1% on an annual basis, slower than LSEG’s economists.

The report shows that inflation pressure in the US economy remains sustainable, despite the progress in approaching inflation up to 2% of the federal reserve target over the past few years.

High inflation has created serious financial pressure for most US households who are forced to pay more daily need, such as nutrition and rent. Price hikes are particularly complex for low -income Americans because they usually spend more than their already stretched salaries and have less flexibility to save money.

Food prices increased by 0.2% in February. The home food index has been unchanged in the month and in the last 12 months only 1.9%.

Egg prices rose by 10.4% a month in February, and the prices for meat, poultry and fish increased by 0.5%. Fruits and vegetables, as well as non -alcoholic beverages, decreased by 0.5%in February. Dairy prices have observed a greater decline by 1% per month.

Food in the house index increased by 0.4% in February and increased by 3.7% over the last year.

In February, energy prices increased by 0.2% – a less monthly increase than 1.1%, recorded in January. Gasoline prices fell 1% last month to seasonally adjusted, while natural gas prices were 2.5% higher.

Housing costs increased in February when the shelter index increased by 0.3% per month. This leaves the asylum index 4.2% higher than a year ago, which marks the smallest increase by 12 months since December 2021.

This is a developing story. Please check the updates.